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Property profile & analytics
OFF-MARKET
Residential income homes

0 Cor Mason Rd & Burkhart Rd Howell, MI 48843

90 ac lot
Property ID
Property summary
AI-generated overview

Exceptional investment opportunity: a shovel-ready 90-unit senior living Planned Unit Development (PUD) in Howell, Michigan. This multifamily property, situated on a 90-acre lot at the northwest corner of Mason Road and Burkhart Road (APN 47-06-32-400-013), is priced at $1,115,000 ($12,389 per unit). The property boasts permit approval and includes significant allocated water and sewer resources: 75 water reuse and 569 sewer reuse allocations, valued at over $3,000,000. Located in the Howell School District, this development benefits from a strong positive population growth projection from 2023 to 2028. Enjoy convenient access to major transportation arteries, with I-96 and Tanger Outlets one mile south, and downtown Howell and the new Motorsports Gateway Howell just two miles away. Municipal water and sanitary sewer services are readily available. This is a prime opportunity to capitalize on the growing demand for senior living accommodations in a thriving Michigan community. Zoning permits multifamily, single-family, and senior living uses.

Property profile
Verified
Property type Residential income homes
Lot 90 ac (3,920,400 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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